基于事件研究法的我国资本市场SRI认可度测度

Socially Responsible Investment(SRI) has become a mature investment pattern in western capital markets, while in China still in an undeveloped stage. In order to measure the extent of recognition of China's capital market on this investment pattern, this paper explored the price change of sample companies by using the event study analysis. And the releasing of CNINFO-CBN-AEGON-INDUSTRIAL-CSR INDEX was treated as the event. The empirical results showed that the price change of sample companies is positive, especially those companies in Shenzhen market, while there was not much difference in the industrial classification. Overall, at this stage of China's capital market the acceptance of socially responsible investment has not profound. Socially Responsible Investment in China still has a long way to go, a potential market cultivation period is needed.